There's little point in posting loads of miner charts today. Suffice to say many rose 50-80%, or more in the last few days and are rapidly giving back those gains. We'll likely end up right back where we started with many of them, I've included the chart for Hecla here...
typical of many. Bull flag breakout now failed. #silversqueeze and #wallstreetbets seem to have hit a brick wall of reality, and that is probably a good thing long term. The 'melt-up' phase in this sector just isn't due yet (as anyone who follows me will know)...
I aim to watch the gold/silver/GDX/SILJ/DXY/GSR charts very closely. Remember...DXY needs to fall below 88.25 to confirm any PM rally. Until then, everything is on hold in my view. More than ever, this is a time to heed the advice of more experienced voices in this sector.
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